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20121114
20121114
Search Results 0 to 7 of about 8 (some duplicates have been removed)
over the fiscal cliff affect your money? that's what we're talking about next. steve liesman does some cliff diving and breaks down the numbers on what it means to you and mean. >>> then, two professional negotiators have been listening to what the president is saying that he wants and what speaker john boehner said he wants to avoid. do they think we'll have a deal or no deal? you're going to want to hear what both of them have to say. they're coming up next. you're watching the "closing bell." stick around. >>> welcome back. well, the countdown is on. lawmakers in washington have just 47 days to reach a deal on the fiscal cliff or risk massive tax increases and massive spending cuts. senior economist reporter steve liesman is breaking down how going off the cliff will impact you. >> if it's not clear to people how the fiscal cliff will affect their wallets, i think this report will make it clear how it's going to mean real money out of your wallets. according to the tax policy center, this is the fiscal cliff and your taxes. if you're in the lowest, second, fourth, or middle quin til
ticket. but the pair is accused of scamming the real winner out of the jackpot. steve osunsami is here with the latest on that. >> here's why when you have a clerk check a lottery ticket to see if you won, you should sign it first and then ask for it back. two brothers scammed one of their customers out of a winning tick ticket. and then, tried to claim the prize. andy ashcar claims he bought that winning ticket himself, in 2006, at a syracuse convenience store where he worked. and then, waited six, long, years to split the money with his brother. >> i would hope that at some point in the last six years, he had been convinced that she did marry him for love. >> reporter: lottery officials say that was the first clue. love or not, no one waits that long to claim $5 million. >> $5 million. >> waited until now. >> reporter: but they put out a detailed press release anyway, hoping it would lead them to the winner. prosecutors are calling the brothers cheats and crooks, saying they swindled the ticket from a poor, old customer, authorities are calling john doe. a hard-working 49-year-old fa
, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's ownership of something, you conserve. when anybody -- everybody going after the same thing, they figure if i don't do it, somebody else is going to do it. if you own timber, every time you take down a tree, you plant two more. >> much better about protecting the resource and the europeans contend they have their own stock. but we've shown through the tagging data that these fish go across the mediterranean to the atlantic, up and down the coast, it's an extraordinary fish, a good one to preserve. >> okay. >> okay. >> let's go back to steve since you're there. you've got an interesting report, and i promise you i'll be listening very carefully about the fiscal cliff and who is going to be impacted.
? the answer is different groups will be affected very differently. steve liesman has more on the numbers. >> what we do know is if we go over the cliff, no change in what is mandated by those rules. everybody will pay more. we've divided up the country into quintiles, one-fifth, one-fifth, one-fifth. here's what happens with the cliff. for the lowest they go up by 3.7%, second 4.1%. if you're in the middle, where most people are, up 3.8% all the way to the top, 5.8%. what about the top 1%? their numbers go up by 7.2%. here's a way to think about it. this is what thelma and louise would pay extra if they went over the cliff. here's what mr. thurston howell would pay if they went over the cliff. let's take a look at the actual dollar values beyond percentage points. we know we have health care law taking effect and that will only affect the top fifth. here's your dollar values for the income bracket ets is. add on the amt, when they expire, get rid of the bush tax cuts. for the wealthy, a big chunk. it goes down to the second quintile. we get rid of some payroll tax cuts. down the line f y
with steve croft saying they didn't know what was the cause it and went on, on numerous venues saying that it was a spontaneous flash mob that had nothing to do with a terrorist act and so he didn't tell the truth. the american people at one time or another. >> susan rice appears to be front-runner for secretary of state. you told cbs last night that you will do everything to stop her confirmation. why? >> she's not qualified. anyone who goes on national television in defiance of the facts five days later, we're all responsible for what we say and what we do. i'm responsible to my voters. she's responsible to the senate of the united states. we have our responsibilities forced advise and consent. i was on "face the nation" when she told that story and right after it was said it was al qaeda. >> can you help me understand this, senator. the cia talking points that were prepared on september 15th, the same day that rice was on all those sunday shows and "face the nation" that said that currently available information suggests the demonstrations in benghazi were spontaneously inspired by
of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the willingness is there in order to make the grand bargain as they say. a great show, thank you very much host: thank you. guest: adding the caller makes a great point. for there to be a compromise, with the want to say is they want to see them change the entitlement programs. these are medicare, medicaid, potentially social security, although there's less clamoring to change that. want to see those programs changed so they are not just these open-ended things were the costs go up. went to see them reforms. so that does not keep adding to the deficit and increasing the federal budget. but the democrats want to see more revenue. want to see higher tax rates, they want republicans to agree to that. for this to be this big grand deal, both sides will have to come to an agreement. host: nancy has a recent story with this h
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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